Industry News
Westminster American Insurance Chooses Next CEO
Regional carrier Westminster American Insurance Company has named its longtime general counsel to be the next president and CEO. John Scott, Jr. will assume the top spot on Jan. 1, 2015. He'll ...
Towers Watson: Commercial Insurance Prices Rose Slightly in Q3
Commercial insurance prices grew on average about 3 percent in the 2014 third quarter compared to the previous year. It matched last quarter's uptick and halted more than a year of consecutively ...
Report: Sony PlayStation Online Store Slammed by Cyber Attack
Sony Corp's PlayStation online store was hacked on Monday, leading to a two-hour outage, the Financial Times reported, without citing sources. Sony confirmed the outage and said it was investigating ...
Uber Insurer James River Jumps Into Junk-Rated Loans
The insurer that ride-sharing service Uber Technologies Inc. uses to protect drivers and passengers is going public, promoting how it's more willing than competitors to invest in junk-rated loans. ...
Verisk Grabs ‘Complementary’ British Rival for $31.6M
Verisk Analytics snatched up a British analytics and advisory outfit for more than $31.6 million, beefing up its research and data capacity for geopolitical and other risks in the process. The New ...
Berkshire Hathaway Specialty Arm Hires AIG, Catlin Execs For Singapore Expansion
Berkshire Hathaway Specialty Insurance announced Sunday that it received a non-life insurance license in Singapore, and named several executives to staff up the operation—two formerly from AIG and ...
AXIS Capital Holdings’ Board O.K.’s New $750M Share Repurchase
AXIS Capital Holdings Ltd. plans to repurchase $750 million in its common shares over the next two years, adding to an already sizable buyback of a few billion dollars worth of shares. The ...
Swiss Re, Prudential, Eye African Reinsurance and Pension Opportunities
A growing middle class in sub-Saharan Africa is enticing European and South African insurers to buy local firms focusing mainly on life insurance and pensions, in the face of mature markets and ...